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Simply, it increases the value.
Agricultural land increased in value by 29% in 2006 (before the credit crunch obviously, however land prices have not dropped as dramatically as they have in other sectors). Land that is re-zoned for development can shoot through the roof though obviously this is not a certainty. Check out http://www.lloydslanduk.com (land agents) or http://www.landregistry.gov.uk (regulators) for more info. Generally land investment is 'safer' than others but it is most definitely long term.
Wiki User
β 14y ago
Land development can provide opportunities to increase property value, generate rental income, and create new infrastructure. It can also help to meet housing demand, stimulate economic growth, and enhance community aesthetics. Additionally, it allows for the efficient use of land resources and can contribute to sustainable development practices.
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Word for advantage starting with e?
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